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CropLogic Ltd

CropLogic to showcase its technology on its trial hemp crop

The company is a first-mover in hemp-related agtech, a fast-growing multi-billion dollar crop.

croplogic software on a computer screen
CLI is growing a hemp crop on 150 acres of lan in the US state of Oregon

CropLogic Ltd (ASX:CLI) will utilise its CropLogic realTime technology to optimise yields from its 150-acre trial hemp farm in Oregon.

The goal is to showcase and validate the company’s technology in a bid to service the US hemp market, which is projected to triple to $22 billion by 2022.

CropLogic realTime consists of hardware and software that tracks key crop metrics, such as soil moisture and irrigation, and converts observations into data 24/7.

Data can be viewed in a user-friendly platform via desktop or mobile device, which can be used by hemp farmers to make cost-saving decisions.

READ: CropLogic receives Oregon licence to cultivate industrial hemp

CropLogic’s CEO James Cooper-Jones said: “CropLogic is excited to apply its considerable agronomy and agtech knowledge on this trial farm this season.

“CropLogic endeavours to be at the forefront of industry, agronomy and agtech innovation trends.

“Acreage under industrial hemp in Oregon has increased significantly in the proceeding years.

“With the passing of the Farm Bill in late 2018 this is likely to increase further.

“By demonstrating CropLogic’s agronomy and technologies, such as CropLogic realTime, on industrial hemp at its trial farm this season CropLogic positions itself well to take advantage of what signs indicate could prove to be a lucrative and expanding market.”

Proactive caught up with CropLogic earlier this month for a company update.

Negotiations with potential offtake partners advancing

CropLogic is continuing various conversations with several potential offtake partners.

The company is also investigating potential participation in the process of its Hemp Biomass beneficiation and processing into CBD products.

The first shipment of high-quality hemp seeds has been received

and delivered to the nursery for germination

Quick facts: CropLogic Ltd

Price: $0.06

Market: ASX
Market Cap: $24.48 m
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CropLogic increases acreage at US industrial hemp trial farm, enhances...

CropLogic Ltd (ASX:CLI) chief executive officer James Cooper-Jones speaks to Proactive Investors about the agtech company’s recent industrial hemp trial farm expansion in central Oregon, US.   The increase of 150 to 500 acres will further vertically integrate CropLogic’s agronomy...

on 30/4/19

2 min read